1071 Walnut Street

Tustin, CA 92780

$3,295,000
Price
7
Beds
3
Baths
3,200 Sq. Ft.
$1,030 / Sq. Ft.
3,200
Sq. Ft.
$1,030
per Sq. Ft.

Description

Back on the market. 2 Houses on a 2 Lots near by the city cultural and administrative center, food stores and restaurants. Huge 18,500 sf prime redevelopment opportunity site on an ideal City of Tustin location. The full address is 1071 & 1073 Walnut St Tustin CA 92780.Back on the market. 2 Houses on a 2 Lots near by the city cultural and administrative center, food stores and restaurants. Huge 18,500 sf prime redevelopment opportunity site on an ideal City of Tustin location. The full address is 1071 & 1073 Walnut St Tustin CA 92780.
  1. Listed by Ljubco Angelov • DRE #01727380 • Brokerage DRE #01848917 • Crestico Realty

Property Details for 1071 Walnut Street

Parcel Number
50015323
Total Units
2.0
Living Area
3200
Source Living Area
Appraiser
Area
Tustin (71)
Vacancy Rate
0
Lot Size Area
18452
Source Lot Size Area
Assessor
LISTING UPDATED: 08/13/2024 08:43 PM

Property Details for 1071 Walnut Street

StatusActive
MLS #24-366847
Days on Market240
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.42 AC / 18,452 SF
CountyOrange County

Building Information for 1071 Walnut Street

Stories-Residences-Year Built-Building Size-Lot Size0.42 AC / 18,452 SF

Property Information for 1071 Walnut Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: houses
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $150,000
  • Net Operating Income: $100,000.00
  • Gross Income: $150,000
  • Gross Rent Multiplier: $23.00
  • Actual Annual Gross Rent: $150,000.00
  • Financial Info as Of: 03/09/2024
  • Total Annual Expense: 50000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2118
  • Lot Size Square Feet: 18452
Parking Details
Parking Details
  • Parking Garage: Pull-through, RV Possible, Side By Side, Parking Space, Parking for Guests - Onsite, Oversized, Unassigned, Private Garage, Driveway - Concrete, Driveway - Gravel
  • Total Parking: 9
  • Covered Parking: 1
  • Open Other Spaces Total: 8
  • Garage Spaces Total: 1
  • Parking Features: Pull-through, RV Potential, Side by Side, Parking Space, Guest, Oversized, Unassigned, Private, Concrete, Gravel
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Built-Ins, Cable, Range/Oven, Ceiling Fan
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-09-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $6,000.00
  • Unit Actual Rent: $6,000.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $132,475.00
  • Assessed Improvement Percent: 11.81
  • Assessed Land Value: $989,525.00
  • Assessed Land Percent: 88.19
  • Assessed Total Value: $1,122,000.00

Property History for 1071 Walnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1071 Walnut Street

Taxable ValueLand$1,009,316Additions$135,124Total$1,144,440
Tax Record2024$12,860 ($1,072 / month)
Home Facts
Beds0Lot Size9,012 SqFtStyleSingle Family ResidenceCountyORANGEAPN500-153-23

Schools near 1071 Walnut Street

This home is within Tustin Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Barbara Benson Elementary School
PublicK to 5

C. E. Utt Middle School
Public6 to 8

Tustin High School
Public9 to 12

Tustin Connect
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1071 Walnut Street is a multi-family home for sale in Tustin, CA 92780. This property was listed for sale on March 9, 2024 by Crestico Realty, it's currently listed at $3,295,000. It has been on the market for a total of 240 days and was last sold on October 29, 2020. This listing's school district is Tustin Unified School District. Nearby schools include Barbara Benson Elementary School, C. E. Utt Middle School and Tustin High School. 1071 Walnut Street is a 7-bed, 3-bath, 3,200 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crestico Realty, Ljubco Angelov, DRE #01727380

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.